Boston Starts Bandwidth Revolution With Network Access Solutions.BOSTON--(BUSINESS WIRE)--July 26, 1999-- NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular Delivers Business-class DSL DSL in full Digital Subscriber Line Broadband digital communications connection that operates over standard copper telephone wires. It requires a DSL modem, which splits transmissions into two frequency bands: the lower frequencies for voice (ordinary to Boston Via Two New Office Locations Network Access Solutions (NAS) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NASC NASC Norwich Area Schools Consortium (UK) NASC Nottingham Arabidopsis Stock Centre NASC National Animal Supplement Council NASC North American Solar Challenge NASC Northwest Association of Schools and Colleges ), a facilities-based data CLEC (Competitive Local Exchange Carrier) An organization offering local telephone service that is not one of the traditional telephone companies. The Telecommunications Act of 1996 allowed competition to the incumbent telcos (ILECs), enabling new companies (CLECs) , today announced the opening of two Boston area office locations to support increased demand for its digital subscriber line See DSL. (communications, protocol) Digital Subscriber Line - (DSL, or Digital Subscriber Loop, xDSL - see below) A family of digital telecommunications protocols designed to allow high speed data communication over the existing copper telephone lines between end-users and (DSL) services. By utilizing CuNet (Coppernet), a high-speed, ATM/Frame Relay/DSL-enabled network, NAS is responding to the bandwidth needs of businesses throughout eastern Massachusetts. To support growing broadband requirements, NAS has opened 126 central offices to date and plans to open an additional 234 central offices throughout the Bell Atlantic region in 1999. The total number will increase to 500 by the end of 2000. NAS will be located in over 78 central office facilities in the Boston area alone by the end of the year. The Boston office will serve as headquarters for NAS' North-Atlantic group that oversees CuNet coverage in Boston, Cape Cod Cape Cod, narrow peninsula of glacial origin, 399 sq mi (1,033 sq km), SE Mass., extending 65 mi (105 km) E and N into the Atlantic Ocean. It is generally flat, with sand dunes, low hills, and numerous lakes. , Wilmington, DE, Philadelphia, Pittsburgh, Connecticut, and portions of upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. . Bryan Hopkins, NAS Regional Vice President, will manage the North-Atlantic group. Hopkins has over 16 years of telecom-related sales and management experience throughout New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . Prior to joining NAS, Hopkins served as vice president and general manager at WinStar Telecommunications, Inc for the New England/Upstate New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of region. Prior to that, Hopkins spent 6 years with Sprint rising to the Regional Director position where he successfully restructured the $140 million New England region operation. "NAS is undergoing a major expansion in Boston," stated Hopkins. "This business community is hungry for affordable high speed data access, and NAS is delivering this service today, along with value-added services including network configuration, management, and security. The result is a total networking solution that enables a business to focus its resources on its core competencies instead of on managing a corporate network." NAS is currently located in offices at 10 Post Office Square in downtown Boston and 12 Alfred Street Alfred Street is a street running between the High Street to the north and the junction with Blue Boar Street and Bear Lane at the southern end, in central Oxford, England. To the south is Christ Church, one of Oxford University's historic colleges. in Woburn. NAS' Boston operation includes sales staff, engineers, and administrative support totaling 25 employees. NAS plans to increase that number to 45 employees by the end of 1999. "Boston's business community is demanding more than just fast Internet access See how to access the Internet. via DSL," said Jon Aust, NAS Chief Executive Officer. "What so many area businesses require is a fully supported high-speed data communications solution. NAS' network architecture enables us to meet that demand today." The addition of CuNet to the NAS product portfolio differentiates NAS from other Boston-area DSL providers by completing the suite of networking solutions NAS offers. That suite includes systems integration, network management and security as well as last mile access. CuNet, in place since the beginning of 1999, provides affordable integrated voice and data over DSL options at speeds from 128kbps to 7.0mbps (approximately 125 times the speed of today's fastest dial-up modem). Because of the unique flexibility of CuNet, corporations searching for affordable Internet access, faster telecommuting telecommuting, an arrangement by which people work at home using a computer and telephone, transmitting work material to a business office by means of a modem and telephone lines; it is also known as telework. solutions and economical remote LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. access can have it immediately, without having to overhaul existing networks. NAS' CuNet is ideal for telecommuters, Internet service providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. , network service providers, and organizations with multiple offices in one metropolitan area or in two or more of the nine cities in the NAS network. As a single-source provider for both metropolitan-area and wide-area networking, NAS offers significantly reduced networking costs, up to 70 percent less, compared to traditional multi-vendor solutions many businesses are forced to rely on today. In addition, NAS supports CuNet users with a portfolio of value-added business solutions including network management, security, and integration services. The network architecture NAS has designed makes it possible to deliver business-class DSL that integrates seamlessly with existing data networks. Besides packet-switched DSL services such as Frame Relay and Internet access, NAS offers channelized Refers to an architecture that transmits data in channels. It often refers to the 64 Kbps channels in T1 lines, which were originally developed to handle digitized voice streams (TDM). See TDM. DSL, a versatile protocol that supports multiple networking applications including voice, data, Internet, video conferencing, and multimedia presentations. As a true alternative to traditional T1 service, channelized DSL provides dedicated speeds up to1.54Mbs with significant cost savings over traditional T1 lines. ABOUT NAS Founded in 1994, Sterling, Virginia-based Network Access Solutions ("NAS") is a leading provider of digital subscriber line (DSL)-enabled networking solutions to businesses. Through its branded CuNet (pronounced "copper net") service, NAS offers customers high-speed, "always on" local, metropolitan and wide-area connectivity services using DSL technology. As a complement to CuNet, NAS offers customers a complete suite of value-added enterprise networking solutions, including network integration, network management, network security and professional services. The CuNet network supports both legacy telecommunications infrastructures, including traditional voice, and newer, packet-based communications, including ATM, Frame Relay and IP. CuNet is currently available in Baltimore, MD; Boston, MA; New York, NY; Philadelphia, PA; Washington, D.C.; Norfolk, VA and Pittsburgh, PA; and is expected to be available in Wilmington, DE by the end of 1999. For more information, visit the company's website: http://www.nas-corp.com. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are subject to a variety of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include those described under "Risk Factors" in the Company's Prospectus, which include, among other things, (i) the Company's ability to successfully market its services to current and new customers; (ii) the extent of increasing competition; (iii) trends in regulatory, legislative and judicial developments; and (iv) the Company's ability to manage growth of its operations. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to update or revise the information contained in this press release, whether as a result of new information, future events or circumstances or otherwise. |
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